Mike Maharrey

Mike Maharrey is a journalist and market analyst for MoneyMetals.com with over a decade of experience in precious metals. He holds a BS in accounting from the University of Kentucky and a BA in journalism from the University of South Florida.

Articles by Mike Maharrey

The June federal budget deficit was "only" $66 billion. This looks like a big improvement, but it wasn't. Even more concerning is the fact that interest on the accumulating debt is eating up nearly one-third of federal tax receipts....
U.S. government borrowing and spending never stops. The federal government ran another big deficit in June, as the national debt inches closer to $35 trillion.$35 trillion USD.Trillion with a 'T.' That's an unfathomable number....
By all accounts, the June Consumer Price Index (CPI) report was great news, but you might want to take it with a grain of salt.This apparent victory over price inflation likely means the Fed will surrender to inflation. This CPI...
If you believe the headlines, the employment situation in the U.S. is still solid.Maybe you shouldn't believe the headlines.They tend to bury the lead.We got the June jobs report from the Bureau of Labor Statistics (BLS) on Friday. The...
After paying down credit card debt in April, American consumers went back to running up the plastic in May. But borrowing for big-ticket items remained sluggish, indicating consumers are still struggling to make ends meet in this...
The political class keeps gaslighting us and trying to convince us that price inflation isn’t as bad as we think.The fact is it’s probably worse than we think.People like Paul Krugman keep saying Americans don’t realize how good they have...
The Federal Reserve is losing over $1 billion every week and you're on the hook.Since September 2022, the central bank has reported losses of around $176.4 billion. If it were a real company, it would be considered bankrupt. ...
You've probably heard the phrase, "Go for the gold!"Well, in hockey, they do things a little differently. It's "Go for the silver!"Tonight, hockey players from either Edmonton or Florida will skate around holding a giant silver Cup over...
It's starting to get difficult for the most optimistic cheerleader to pretend this economy is "robust."We got more evidence today that the American consumer is tapped out.And that's really bad news for an economy that depends on consumers...
The petrodollar quietly died this week.While it didn't get big headlines, the demise of the petrodollar could mean big trouble for a U.S. government that depends on dollar dominance to support its borrowing and spending."Petrodollar"...

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